| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $550M | $547M | $466M | 0.7% | 18.1% |
| Op. Income | $119M | $121M | $105M | -2.0% | 13.2% |
| Gross Margin | 80.0% | 78.8% | 79.4% | 1.2pp | 0.6pp |
| Net Margin | 12.1% | 8.3% | 16.1% | 3.7pp | -4.0pp |
| EPS (Diluted) | $0.55 | $0.38 | $0.63 | 44.7% | -12.7% |
| Free Cash Flow | $183M | $43M | $172M | 323.2% | 6.4% |
| Item | Amount |
|---|---|
| REVENUE | $550M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $440M |
| R&D Expenses | $106M |
| Selling & Marketing | $137M |
| General & Administrative | $69M |
| SG&A Expenses | $206M |
| Other Expenses | $10M |
| Operating Expenses | $321M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $119M |
| Interest Income | $1M |
| Interest Expense | $35M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $35M |
| EBIT | $121M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $550M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $440M |
| R&D Expenses | $106M |
| Selling & Marketing | $137M |
| General & Administrative | $69M |
| SG&A Expenses | $206M |
| Other Expenses | $10M |
| Operating Expenses | $321M |
| Cost & Expenses | $432M |
| OPERATING INCOME | $119M |
| Interest Income | $1M |
| Interest Expense | $35M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $35M |
| EBIT | $121M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$93M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | $558M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$620M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $183M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $678M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $227M |
| Goodwill | $3.5B |
| Intangible Assets | $953M |
| Long-Term Investments | $0 |
| Tax Assets | $123M |
| Other Non-Current Assets | $375M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $14M |
| Short-Term Debt | $13M |
| Deferred Revenue | $650M |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $950M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $2.5B |
| Net Debt | $2.2B |
